Fintech startup Jarvis Invest raises $600-K

Mumbai-based Jarvis Invest, an AI-based investment advisory firm has raised USD 600,000 from a family office in UAE. The funds will be used by the startup to build new products which will be accessible to the global market via Dubai, set up a new office in Dubai, and use the network of the investor for business expansion. Jarvis Invest will operate under AI Innovation License from Dubai International Finance Center (DIFC) and is in process of applying for the fund manager's license from the Dubai Financial Services Authority. The company will launch a B2B product – 'White label JARVIS' for banks and wealth managers in November. It claims to have 85,000 customers.